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president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry forhe report. >> trying to lay blame for stalled buet talks on republicans, president obama today wrateted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cff warning business executives, the economy could take another hit if republicans cide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicare reform to another hike in the nati's debt ceing. >> we're not going to play that game next year. if congress, in any way suggests they tie negotiations to debt ceiling votes, and take us to the ink of default again as part of a budget negotiation, i will not play that game.
president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry forhe report. >> trying to lay blame for stalled buet talks on republicans, president obama today wrateted up pressure on boehner. >> nobody wants...
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and president obama keep saying the same thing. speaker boehner keeps asking for the same thing. we will be talking with one of more than 200 congressman who have signed the grover norquist antitax pledge. lou: congressional republicans pushing back hard against the president and democrats over the fiscalliff proposal. the white house saying that the real problem is republicans who won't give in on new taxes for top earners. my next guest sound grover norquist and his anti-tax pledge concerning. congressman nunes, it is great to have you with us. >> this little visit i timothy geithner to speaker boehner, in which he bsically says we are going to talk about stimulus -- that is pretty hard step to push or to stomachh isn't? >> yes, timothy geithner has been coming here for four years. he has come before the ways and means committee, before the budget committee. this guy has never told us the truth and we challenged them for years. the numbers don't add up, and that is the problem. he came here today and it was a waste of time. we shove the president meeting with the senate. it is
and president obama keep saying the same thing. speaker boehner keeps asking for the same thing. we will be talking with one of more than 200 congressman who have signed the grover norquist antitax pledge. lou: congressional republicans pushing back hard against the president and democrats over the fiscalliff proposal. the white house saying that the real problem is republicans who won't give in on new taxes for top earners. my next guest sound grover norquist and his anti-tax pledge...
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speaker boehner is about to respond to president obama's demand that we raise tax rates. listen in, please. >> and it's exactly how we approached our discussions in the biden group, my discussions at the white house a year and a half ago, and for that matter in the joint select committee. and if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress and a plan that can pass both chambers of congress. if you look at the plans that the white house has talked about thus far, they couldn't pass either house of the congress. we're ready and eager to talk to the president and to work with him, to make sure that the american people aren't disadvantaged by what's happening here in washington. >> good morning. you know, i think at this point pretty much most folks in the country and certainly in this town know where both sides are on taxes. i think we understand that. but to the speaker's point, we have not had any discussion and any specifics with this president about the real problem -- stuart: speaker boehner is
speaker boehner is about to respond to president obama's demand that we raise tax rates. listen in, please. >> and it's exactly how we approached our discussions in the biden group, my discussions at the white house a year and a half ago, and for that matter in the joint select committee. and if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress and a plan that can pass both chambers of congress. if you look at the...
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and president obama keep saying the same thing. speaker boehner keeps asking for the same thing. we will be talking with one of more than 200 congressman who have signed the grover norquist antitax pledge. congressman nunes coming up next it [ male annouer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. u. is to me, relationships matter. i've been with my doctor for 12 years. now i know il be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more to see. so we found a plan that can travel with us. anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only me
and president obama keep saying the same thing. speaker boehner keeps asking for the same thing. we will be talking with one of more than 200 congressman who have signed the grover norquist antitax pledge. congressman nunes coming up next it [ male annouer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. u. is to me, relationships matter. i've been with my doctor for 12 years. now i know il be able to stick with him. [ male announcer ]...
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making comments, speaker john boehner, harry reid, the market tanks and any signs of disagreement. don't fret, next guest is here to tell you about how to behave in this atmosphere in a way he believes will make you money. joining me now in a fox business should listen. what are you teaching your employees, your traders, what are you telling them to do right now? >> you have to be communicating with your clients, you cannot trade this as an individual trader. you have to be prepared there is a decline, what will happen if congress recesses without a bridge to get us over the fiscal cliff the market will go down precipitously perhaps 1000 points and it will be the markets way to say let's come back, you made the mistake like they did four years ago. tracy: the market dropped 1000 points or what have you, get in? >> to be a generational buying opportunity. this is based on congressional ineptitude. the fact is the economy has a tail wind, the market is fundamentally attracted, the valuations are reasonable. you have earnings growth. if we can bridge the fiscal cliff and get a compreh
making comments, speaker john boehner, harry reid, the market tanks and any signs of disagreement. don't fret, next guest is here to tell you about how to behave in this atmosphere in a way he believes will make you money. joining me now in a fox business should listen. what are you teaching your employees, your traders, what are you telling them to do right now? >> you have to be communicating with your clients, you cannot trade this as an individual trader. you have to be prepared there...
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john boehner had with president obama last night so john boehner came out to give us a report on this and he said in his view there has been, quote, no substantive progress in talks to avert a fiscal cliff in the last two weeks. take a listen. >> this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. campaign style rallies and that is not a way to get things done in washington. peter: republicans want to hear concrete solid major proposals from the white house on spending cuts and entitlement reform. right now tim geithner is meeting with senate republican leader mitch mccoll was a key player in this, meeting at 1:00 or so with house democrattc leader nancy pelosi in the earlier first this morning with senate democratic leader harry reid. cheryl: a busy day before the treasury secretary monitoring his movements. dennis: what is the next step in the fiscal cliff talks? 30 days left to negotiate. more posturing ahead? more progress? the senior editor at fortune magazine predicts, i remember the moment in the presidential
john boehner had with president obama last night so john boehner came out to give us a report on this and he said in his view there has been, quote, no substantive progress in talks to avert a fiscal cliff in the last two weeks. take a listen. >> this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. campaign style rallies and that is not a way to get things done in washington. peter: republicans want to hear concrete solid...
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president obama wants those tax rates raised. john boehner, he wants fewer deductions, limits on deductions. that's the status quo right now of the discussion there. i want to bring you to the big board because we're going nowhere this tuesday morning on very low volume. back below 13,000. tuesday morning, here's the company: elizabeth macdonald is with us. david asman is with us. and nicole petallides right there on the floor of the new york stock exchange. china, cracking down on money transfers at wynn macau casinos. i guess that wynn stock is going to be down? nicole: you are right. we're seeing the stock down nearly 4% here. this is not good news for them overall. basically china's new leadership cracking down on fast money moving. they are going to set rules where you can't -- restrict the limits on how much money can actually be taken out of the country. there are a lot of new rules that would be put in place. all of it is obviously for responsible gambling, but it seems to be a lot deeper than that. stuart: i've been to t
president obama wants those tax rates raised. john boehner, he wants fewer deductions, limits on deductions. that's the status quo right now of the discussion there. i want to bring you to the big board because we're going nowhere this tuesday morning on very low volume. back below 13,000. tuesday morning, here's the company: elizabeth macdonald is with us. david asman is with us. and nicole petallides right there on the floor of the new york stock exchange. china, cracking down on money...
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speaker boehner is demanding a face-to-face meeting with president obama and the pentagon is preparing for the worst. >> it could take a week to clear out the backlog of ships. we're live at the port of los angeles straight ahead. tracy: time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. it has been a wild ride. a lot of it has to do with apple, right? >> the big picture, markets are higher. apple has come under pressure. let's look at the major market averages. the dow is up triple digits, completely erasing losses over last couple days. posting a gain for the week. tech-heavy nasdaq pom cost it is moving to the because weighed down by apple. research and findings have found that apple faces intense competition in the tablet market for ipad and ipad mini and probably will lose market share to android and even microsoft systems. you're seeing apple down 28, almost 29 bucks. a terrible day if you're a shareholder hoping to get to the upside. a lot of folks hope it will get back to 700. not today. look at citigroup on the other hand
speaker boehner is demanding a face-to-face meeting with president obama and the pentagon is preparing for the worst. >> it could take a week to clear out the backlog of ships. we're live at the port of los angeles straight ahead. tracy: time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. it has been a wild ride. a lot of it has to do with apple, right? >> the big picture, markets are higher. apple has come under pressure. let's...